Starting An E-commerce Store In Nigeria – 9 Steps On How To Start An E-commerce Store In Nigeria

Starting An E-commerce Store In Nigeria – 9 Steps On How To Start An E-commerce Store In Nigeria

Thinking of starting an E-commerce store in Nigeria but haven’t yet started, or are you looking for a way to combine your business with an E-commerce here in Nigeria? Well, look no further.  We’ve got you covered on all that pertains to starting an E-commerce store in Nigeria. 

But what, then, is an E-commerce store? 

An E-commerce store is also known as an online store. It is a website or platform allowing businesses to sell products and services to customers over the Internet. It allows customers to browse and have a wide range of choices to make without going into a store to see the products they want to purchase.

E-commerce covers a whole lot of areas, including online sales of physical goods, the sale of digital products like eBooks and software, dropshipping models where sellers do not keep inventory, and peer-to-peer marketplaces that connect buyers and sellers directly. All these are a part of what e-commerce is all about. 

A single brand or a retailer can own an online store but can offer a variety of services for you to pick from. This is one of the fastest-paying businesses in the world today. As a Lucrative business, which it is, It has been able to transform lives as it creates a constant flow of income to the owner through the orders made online. 

So, why haven’t you started your own E-commerce Store yet? 

Benefits Of Having E-commerce Stores in Nigeria

As a lucrative business, it without doubt has a lot of interesting benefits, which we’ll be looking into. They include the following: 

1. Quick to start: It doesn’t necessarily take time to start, unlike in other businesses, which may take time in getting everything together.
2. Very affordable: It allows people to start a business with little cost, thereby saving them some cost.
3. It does not necessarily require experience: Anyone with computer knowledge can handle this business. It doesn’t necessarily require a certain level of expertise to operate.
4. No real-time presence needed: Since it is online, it doesn’t need the presence of the business owner or manager.
5. Easy to manage

Types Of E-commerce Stores in Nigeria 

We have various types of E-commerce store models which you may want to use in your E-commerce store. They include the following:

1. Retail stores: This is the traditional online store route. You handle everything from managing inventory to running the website, handling order delivery and lots more. You buy and sell products directly to the customers. 
2. Dropshipping business: This is a type of e-commerce where the seller does not hold the inventory of the products they sell. 
3. Social commerce: This involves the buying and selling of products through social media platforms.
4. Cloud commerce: This involves the buying and selling of products through cloud computing platforms.
5. Mobile commerce: This involves the buying and selling of products through mobile devices such as smartphones and tablets. 
6. Online marketplace: these are platforms that enable multiple sellers to sell their goods to a large number of buyers. 
7. Affiliate marketing: This involves individuals or people promoting the products and services of other people and getting a commission.

These are some of the many types of e-commerce that we have mentioned. Next, we’ll be looking into how to start an E-commerce store in Nigeria.

How To Start An E-commerce Store In Nigeria.

Following the procedures which we will be out listing, you will be able to start your own E-commerce store in Nigeria successfully. They include the following: 

1  Pick A Niche

2. Raise Funding

3. Raise Funding

4. Register Your Business

5. Get Reliable Suppliers

6. Create An E-commerce Store

7. Create A Social Media Page

8. Secure A Payment Gateway

9. Implement A Marketing Strategy

1. Pick A Niche: Pick a particular field which you want to base in and start from there before expanding later on in your business. It should be something you have in-depth knowledge about and can prefer possible solutions to if problems arise. 
2. Write A Business Plan: You have to plan your business in order for it to grow and reach the height which you have set for yourself. So for that you have to plan out everything that has to do with how the business is run.
3. Raise Funding: The availability of funds brings the plan to life. So you have to use funds to execute the plans which you’ve made.
4. Register Your Business: Back your business up bu registering it in the authorized agency. When your business is registered it becomes a separate legal entity on it’s own.
5. Get Reliable Suppliers: Get in touch with reliable suppliers who give you an assured quality of products which you also deliver to your customers when orders are made. This helps retain the trust your customers have on you for always delivering quality products.
6. Create An E-commerce Store: You have to create a website that is mainly for your brand. In this, you have take time on designing the webpage to suit your taste and the purpose for which it was created.
7. Create A Social Media Page: This is advisable because it helps you create more publicity and awareness of your website and the products available on them. 
8. Secure A Payment Gateway: This online payment infrastructure makes a cashout flow for customers easy. So secure one which suits the structures of your business and use.
9. Implement A Marketing Strategy: Use different active strategies to get more publicity to your website.

After you must have completed all these, you must have a stable and running E-commerce store of your own.

For you who may want to go into this line of business, It is not just because of the profits to be made. Have a vision for your E-commerce store, work on the uniqueness of your store, improve on the services you render to people, be innovative to change and come up with new ideas for your business. Be consistent in all.

Having been through this article, we hope it has been helpful and educative to you. Till Next Time.